World News@lemmy.worldEnglish · 1 month ago

Fading Labubu frenzy wipes $16.7 billion from Pop Mart shares

www.straitstimes.com

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Fading Labubu frenzy wipes $16.7 billion from Pop Mart shares

www.straitstimes.com

fne8w2ah@lemmy.world to

World News@lemmy.worldEnglish · 1 month ago

Pop Mart shares have lost almost US$13 billion – or a quarter of its value – since reaching a record on Aug 26. Read more at straitstimes.com. Read more at straitstimes.com.

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1 month ago
The post is misleading. Yes share price went down by a large amount in absolute terms but their market cap is still 60 billion.
- President Camacho@sh.itjust.works
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  Up 430% for the year.

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